News Release

Dec. 13, 2007: Assigned J-1 to healthcare fees receivable ABL07-12 (Kyowakai); JCR Placed rating on Intec Holdings under CM with Positive
JCR Placed rating on Intec under CM with Positive; Assigned A+ to sub.bonds of Sumitomo Mitsui Banking; Affirmed BBB-/Negative on sr.debts of Tekken; Placed rating on TIS under Credit Monitor as #A/Negative

Dec. 12, 2007: Assigned J-1 to healthcare fees receivable ABL07-12 (B Hospital)

Dec. 10, 2007: Assigned J-1 to CP program of NBL; Affirmed BBB/Stable on senior debts of Eiken Chemical

Dec. 07, 2007: Assigned J-1 to Nohara Bills Receivable ABL07-12; Affirmed BBB/Stable on senior debts of Saga Kyoei Bank; Affirmed BBB/Stable on senior debts of Nakamuraya; Affirmed BBB/Positive on senior debts of Daikyo Inc.; Affirmed J-2 on CP program of Shoko; Downgraded sr.debts of Daiko Clearing to BBB+/Stable; Assigned A+ to bonds of Mitsubishi Rayon; Affirmed A/Stable on senior debts of Aozora Bank; Withdrawn preliminary AA- rating on shelf of NGK Spark Plug

Dec. 06, 2007: Assigned AAA to bonds of Japan Finance Corporation for Small and Medium Enterprise

Dec. 05, 2007: Affirmed AA/Stable on sr.debts of SECOM General Insurance; Affirmed AA+/Stable on senior debts of Secom; Assigned AAA to bonds of Development Bank of Japan

Dec. 04, 2007: Assigned preliminary A+ to shelf registration of Sumitomo Rubber Industries; Affirmed AA+/Stable and J-1+ on LT & ST sr.debts of Japan Trustee Services Bank; Affirmed AA+/Stable and J-1+ on LT and ST sr.debts of Master Trust Bank of Japan; Assigned BBB-/Stable to senior debts of Josuikai; Assigned J-1 to CP program of Akebono Brake Industry

Dec. 03, 2007: Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-12; Affirmed A/Stable and J-1 on senior debts and CP of Lintec; Affirmed BBB+/Stable on senior debts of Okaya & Co.

Nov. 30, 2007: Assigned J-1 to Aso Shoji Bills Receivable ABL07-11; Assigned J-1+ to Teral Kyokuto Bills Receivable ABL07-11; Assigned J-1 to Hayakawa Rubber Bills Receivable ABL07-11(2); Assigned J-1 to Molten Bills Receivable ABL07-11; Assigned J-1 to Toda Kogyo Bills Receivable ABL07-11; Assigned BBB/Stable to senior debts of Toshiba Housing Loan Service

Nov. 29, 2007: Assigned J-1 to Bills Receivable ABL07-11 (B Corporation in Mie); Assigned J-1 to Nippon Tungsten Bills Receivable ABL07-11; Assigned J-1+ to JUTEC Bills Receivable ABL07-11; Upgraded rating on Namura Shipbuilding to BBB/Stable; JCR Affirmed AAp Rating on Deutsche Bank

Nov. 28, 2007: Assigned J-1 to Osaka Steel Tube Bills Receivable ABL07-11; Affirmed A+/Stable Yamagata Bank; Affirmed A/Stable and A- on sr.debts and sub.bond of Shonai Bank; Affirmed BBBp/Stable on senior debts of Nippon Denwa Shisetsu; Upgraded sr.debts of Daimei Telecom Engineering to A-/Stable; Affirmed A-/Stable on senior debts of Commuture; Revises Rating Outlook of Korea Electric Power to Positive; Revises Rating Outlook of Korea Development Bank to Positive; JCR Removed CM and upgraded Sanyo Shinpan to A- and J-1
JCR Removed CM and upgraded Pocket Card to A- and J-1; Assigned AAA to bonds of Kansai Electric Power Company; Affirms A+/AA- (FC/LC) on Daejeon Met. City; Outlook Positive; Assigned AAA to bonds of Kyushu Electric Power Company

Nov. 27, 2007: Assigned J-1 to SEIBUKIZAI Bills Receivable ABL07-11; Affirmed A-/Stable on senior debts of Takeda General Hospital; JCR Upgraded EMTN of Mitsui O.S.K. Lines to AA- from A+
JCR Upgraded EMTN of Euromol to AA- from A+
JCR Upgraded EMTN of Mitsui O.S.K. Finance to AA- from A+; JCR Upgraded rating on Mitsui O.S.K. Lines to AA-/Stable from A+/Positive; Affirmed A/Stable and J-1 on sr.debts and CP of Kawasaki Kisen; Affirmed A/Stable on senior debts of Tokyo Star Bank; Assigned A to bonds of Meiji Dairies; Affirmed J-2 on CP of Tokyo Associates Finance

Nov. 26, 2007: Assigned J-1+ to MSNW Trust Certificate Series 07110; Assigned J-1 to Nakagawa Seitaikako Bills Receivable ABL07-11; Assigned preliminary A+ to shelf registration of Mitsubishi Chemical; Assigned preliminary A to shelf registration of Meiji Dairies; Affirmed A on EMTN of BOT Lease; Upgraded sr.debts and CP of Don Quijote to A-/Stable and J-1

Nov. 22, 2007: JCR Affirmed BBB on Okasan Holdings Revised outlook to Stable
JCR Affirmed BBB on Okasan Securities Revised outlook to Stable; Assigned preliminary AA and AA to shelf registration and bonds of Keio Corporation; Revised direction to CM for Katokichi to Positive from Negative; Assigned AA- to bodns of Mori Hills REIT Investment; Affirmed BBB/Stable on senior debts of Toyo Logistics; Assigned BBB+ to bonds of Elpida Memory

Nov. 21, 2007: Assigned J-1 to Fuji Shokai Bills Receivable ABL07-11; Assigned J-1 to Bills Receivable ABL07-11 (A Corporation in Aichi); Assigned A+ to bonds of Hiroshima Bank; Assigned AA to bonds of Nippon Steel; Upgraded sr.debts of Cosmo Oil to BBB+/Stable from BBB/Stable; Placed ratings on Bank of Ikeda under Credit Monitor

Nov. 20, 2007: Assigned J-1 to healthcare fees ABL07-11 (Asahikawa Sanai HP); Assigned J-1 to healthcare fees receivable ABL07-11 (C Hospital); Affirmed AA/Stable on senior debts of Mitsubishi Logistics; Affirmed BBB/Stable on senior debts of Softbank Telecom; Affirmed BBB/Stable and J-2 on sr.debts and CP of Softbank; Removed CM and upgraded Jaccs to A-/Stable from #BBB+/Positive; Affirmed AAp/Stable on senior debts of Nippon Express

Nov. 19, 2007: Assigned J-1 to Kurashiki Medical Center Trust Certificates 07-11; Upgraded sr.debts of Tsubakimoto Chain to A-/Stable; Assigned A/Stable to senior debts of OSG Corporation; Assigned preliminary AA- to shelf registration of Sumitomo Trust & Banking; Upgraded sr.debts of Atrium to BBB+/Stable from BBB/Stable

Nov. 16, 2007: Assigned J-1 to healthcare fees ABL07-11 (E Hospital); Affirmed A-/Stable on senior debts of Riso Kagaku; Affirmed BBB for Chiba Kogyo Bank; Revised outlook to Positive

Nov. 15, 2007: Assigned J-1 to healthcare fees ABL07-11 (D Hospital); Assigned J-1 to healthcare fees receivable ABL07-11 (Kyowakai); Assigned J-1+ to Takeda General Hospital Trust Certificates 07-11; Affirmed A+/Stable on sr.debts of Yokogawa Electric; Affirmed AA-/Stable on sr.debts of Nippon Electric Glass; Assigned AA to bonds of Nomura Holdings

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News